GLOBAL SELF STORAGE, INC. (NASDAQ:SELF) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
GLOBAL SELF STORAGE, INC. (NASDAQ:SELF) Files An 8-K Entry into a Material Definitive Agreement
On October 4, 2019, Global Self Storage, Inc., through a wholly owned subsidiary (the “Company”), entered into an agreement with Erie Station Storage, LLC (the “Seller”) to acquire a self storage property located in West Henrietta, New York (the “Property”) for the sum of $6,200,000 (the “Agreement”). The Company’s obligation to close under the Agreement is expressly conditioned upon (i) the Property being satisfactory to the Company in all respects upon completion of the Company’s due diligence review and inspection of the Property and (ii) the occurrence or fulfillment of other conditions precedent to closing under the Agreement. If certain of the conditions precedent to closing under the Agreement are not satisfied, the Company, in addition to its other remedies set forth in the Agreement, shall be entitled to (A) terminate the Agreement and the Agreement shall be deemed null and void, (B) pursue specific performance of the Agreement, and/or (C) pursue any other remedies at law or in equity. There is no material relationship between the Company or its affiliates and the Seller, other than in respect of the Agreement.
The foregoing description is qualified in its entirety by the full terms and conditions of the Agreement, filed as Exhibit 10 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits. The following exhibit is being furnished herewith to this Current Report on Form 8-K.
Global Self Storage, Inc. Exhibit
EX-10 2 purchaseandsaleagreement.htm EXHIBIT 10 PURCHASE AND SALE AGREEMENT THIS PURCHASE AND SALE AGREEMENT (“Agreement”) is made this 4th day of October,…
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EX-10 2 purchaseandsaleagreement.htm EXHIBIT 10 PURCHASE AND SALE AGREEMENT THIS PURCHASE AND SALE AGREEMENT (“Agreement”) is made this 4th day of October,…
To view the full exhibit click
here
About GLOBAL SELF STORAGE, INC. (NASDAQ:SELF)
Global Self Storage, Inc., formerly Self Storage Group, Inc., is a self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation, acquisition, development and redevelopment of self-storage facilities. Its self-storage facilities are designed to offer storage space for residential and commercial customers. It owns and operates approximately eight self-storage properties located in New York, Pennsylvania, Illinois, Indiana, South Carolina and Ohio. Its facilities include approximately 485,580 net rentable square feet and over 3,810 storage units. Its facilities feature both covered and outside auto/recreational vehicle (RV)/boat storage. Its facilities feature a rental and payment center. It owns and operates self-storage properties through its subsidiaries, including SSG Bolingbrook LLC, SSG Dolton LLC, SSG Merrillville LLC, SSG Rochester LLC, SSG Sadsbury LLC, SSG Summerville I LLC, SSG Summerville II LLC and SSG Operations LLC.
